Vanguard Growth ETF (NYSEARCA:VUG) Hits New 12-Month High – Still a Buy?

Vanguard Growth ETF (NYSEARCA:VUG)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $90.73 and last traded at $90.6780, with a volume of 3052343 shares traded. The stock had previously closed at $88.75.

Vanguard Growth ETF Stock Up 2.2%

The company has a market cap of $234.63 billion, a price-to-earnings ratio of 36.22 and a beta of 1.22. The business has a 50-day simple moving average of $87.23 and a two-hundred day simple moving average of $83.96.

Institutional Investors Weigh In On Vanguard Growth ETF

Several hedge funds and other institutional investors have recently made changes to their positions in VUG. Jones Financial Companies Lllp grew its stake in shares of Vanguard Growth ETF by 458.6% in the second quarter. Jones Financial Companies Lllp now owns 219,112,994 shares of the company’s stock worth $18,137,223,000 after acquiring an additional 179,884,185 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in Vanguard Growth ETF by 539.0% during the second quarter. EP Wealth Advisors LLC now owns 23,330,170 shares of the company’s stock valued at $2,009,661,000 after purchasing an additional 19,678,907 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Vanguard Growth ETF by 513.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,888,180 shares of the company’s stock valued at $937,908,000 after acquiring an additional 9,112,231 shares during the period. Valpey Financial Services LLC increased its position in shares of Vanguard Growth ETF by 46,787.8% during the 4th quarter. Valpey Financial Services LLC now owns 8,168,795 shares of the company’s stock worth $3,985,228,000 after purchasing an additional 8,151,373 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Vanguard Growth ETF by 505.8% during the second quarter. HighTower Advisors LLC now owns 9,627,196 shares of the company’s stock worth $829,287,000 after buying an additional 8,038,008 shares in the last quarter.

About Vanguard Growth ETF

Vanguard Growth Index Fund, formerly Vanguard Growth ETF, is an exchange-traded share class of Vanguard Growth Index Fund, which employs a passive management or indexing investment approach designed to track the performance of the MSCI US Prime Market Growth Index (the Index). The Index is a diversified index of growth stocks of large United States companies. The Index represents the growth companies of the MSCI US Prime Market 750 Index. The MSCI US Prime Market 750 Index represents the universe of large-capitalization companies in the United States equity market.